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McEwen Reports 23% Gold Resource Jump at Grey Fox, Eyes Production Doubling

McEwen Mining reports 23% increase in gold resources at Grey Fox Project, with 1.9M indicated ounces. Key to doubling production by 2030. Includes Los Azules copper project update.

This resource update represents a substantial step toward McEwen's goal of doubling production by 2030, potentially enhancing shareholder value through increased mine life and operational scale. For investors, the 23% increase in indicated resources at Grey Fox, combined with the company's diversified portfolio including the advanced Los Azules copper project, suggests strengthened long-term growth prospects in a sector where resource expansion directly correlates with enterprise value. The timing is particularly relevant as gold prices remain elevated above $3,000 per ounce, making these additional ounces economically attractive. Furthermore, the company's commitment to regenerative mining at Los Azules aligns with growing ESG investment trends, potentially broadening its investor base. Chairman Rob McEwen's significant personal investment and symbolic $1 salary demonstrate strong alignment with shareholder interests, while the pre-feasibility study scheduled for 2026 provides a near-term catalyst for further valuation assessment.